The current-account deficit is running at record levels, requiring as much as $2 billion a day in inflows from foreign investors to finance it. Yet the rewards for such investments are suddenly far smaller than they were a year or two ago.
U.S. dollar loses its appeal as world's 'safe haven' currency Eric Pfanner International Herald Tribune Saturday, December 14, 2002
http://www.iht.com/articles/80263.htm
- [PEN-L:33133] Shoveling Fuel for a Runaway Train, Louis Proyect Sun 15 Dec 2002, 23:07 GMT
- [PEN-L:33132] protection rents: ad infinitum....., Ian Murray Sun 15 Dec 2002, 20:56 GMT
- [PEN-L:33131] Wanted $2 billion day, Chris Burford Sun 15 Dec 2002, 19:02 GMT
- [PEN-L:33130] Media coverage of Iran from what would seem an unlikely source, Sthelenawine Sun 15 Dec 2002, 06:17 GMT
- [PEN-L:33128] Stan Goff, "Victories Overruled", Yoshie Furuhashi Sat 14 Dec 2002, 21:07 GMT
- [PEN-L:33127] Apologies, Seth Sandronsky Sat 14 Dec 2002, 14:46 GMT
- [PEN-L:33126] SAYING NO TO POWER, Paul Zarembka Sat 14 Dec 2002, 14:26 GMT